TIPS Team Welcomes NATO AGS Downselection.Business Editors AMSTERDAM, The Netherlands--(BUSINESS WIRE)--April 22, 2004 NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. has selected the TIPS Industry consortium to provide its long needed Alliance Ground Surveillance (AGS AGS American Geriatrics Society. ) system. Six companies, EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study , Galileo Avionica, General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. Canada, Indra, Northrop Grumman, and Thales, have been working together as TIPS to capture the NATO AGS program. On behalf of the TIPS Team CEOs, Scott Seymour, Northrop Grumman corporate vice president, and president of the company's Integrated Systems sector, said, "We are proud and honoured by NATO's selection of the TIPS mixed fleet solution. We are especially pleased with the overwhelming vote of confidence from the Alliance. It shows nations appreciated that TIPS offered the best opportunity to quickly achieve a NATO core capability. "TIPS will provide NATO with a truly transformational capability that will be essential for NATO Response Force operations," Seymour continued. "For more than three years, the TIPS industries have worked together to achieve this result. We look forward to defining the programme with NATO and will maintain close contact with our industrial partners and Alliance members as we work toward contract award for the design and development phase." The TIPS NATO AGS system will provide situational awareness through a shared common ground picture that will be available to NATO and national decision makers. TIPS will present the NATO Response Force (NRF NRF National Retail Federation NRF NATO Response Force NRF National Research Foundation (South Africa) NRF Neighbourhood Renewal Fund (urban renewal funding package in the UK) NRF Nouvelle Revue Française ) with a critical core capability by 2010 and will meet NATO's intelligence, surveillance and reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
The response of the other national industries to the news has been equally positive and industries expressed their continued support for the TIPS solution as the most cost effective and best value solution to the NATO AGS core capability. TIPS now looks forward to working closely with NATO to define the way forward. Current NATO plans anticipate a proposal phase later this year and a contract award for the design and development phase in early 2005.
SAVE THE DATE
DUE TO THIS NEWS, TIPS INDUSTRIES HAS SCHEDULED A PRESS CONFERENCE
AT THE BERLIN AIRSHOW:
11th of May at 09:30am
Northrop Grumman / EADS Pavilion Space 642
The TIPS Industries Team With revenues of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 30 billion (2003) and more than 100,000 employees, EADS is the largest aerospace and defence company in Europe and number two worldwide. Among other activities, EADS comprises a wide experience of systems integration for ISR systems, general command, control and communications and military transport aircraft conversions. Galileo Avionica embodies the avionics and airborne radar capabilities of Finmeccanica, Italy's largest high technologies company and national defence leader. General Dynamics Canada is Canada's largest defence company with a global reputation for providing integrated mission solutions to land, sea and air systems. Indra is the leading Spanish company in Information Technologies (IT) with a very active presence in the defence market and is the 5th European IT Company by market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , with revenues amounting to EUR 1 billion and more than 6500 employees. Indra is deeply involved in complex and critical defence programs for the Ministries of Defence of countries around the world. Northrop Grumman Corporation, a $26 billion global defence company, is the prime contractor for the E-8C Joint STARS and E-10A/MC2A airborne ground surveillance aircraft, the Global Hawk HALE UAV UAV Unmanned Aerial Vehicle UAV Unmanned Air Vehicle UAV Unmanned Aerospace Vehicle UAV Unmanned Airborne Vehicle UAV Uninhabited Air Vehicle UAV Urban Assault Vehicle UAV Unpiloted Aerial Vehicle (less common) and the MP-RTIP MP-RTIP Multi-Platform Radar Technology Insertion Program radar program. Northrop Grumman ISS ISS See Institutional Shareholder Services (ISS). International, Inc, a subsidiary of Northrop Grumman Corporation, manages the company's work on the TIPS team. Thales is an international electronics and systems group, serving defence, aerospace and security markets. The group employs 62,000 people worldwide and generated revenues of 10.6 billion in 2003. News Media Contacts: EADS: Stephanie Chalmers stephanie.chalmers@sysde.eads.net +49-731-392 7488 Galileo Avionica: Mirta de Benedictis mirta.debenedictis@finmeccanica.it +39-0-64-1883719 GD Canada: Suzanne Belanger suzanne.belanger@gdcanada.com +1-613-596-7059 Indra: Susana Velasco svelasco@indra.es +34 91 480 9726 Northrop Grumman: Jim Stratford jim.stratford@ngc.com +1-321-726-7526 Thales: Monique Navarra monique.navarra@fr.thalesgroup.com +33 1 3481 40 50 |
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